Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Decreases By 15.5%

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 491,300 shares, a decrease of 15.5% from the February 28th total of 581,600 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is currently 0.1 days.

U.S. Energy Stock Up 2.5 %

Shares of NASDAQ USEG opened at $1.23 on Thursday. The business has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.65. The firm has a market cap of $41.60 million, a PE ratio of -0.93 and a beta of 0.69. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. D. Boral Capital reissued a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Thursday, March 13th. StockNews.com raised shares of U.S. Energy from a “sell” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On U.S. Energy

Large investors have recently modified their holdings of the business. Scissortail Wealth Management LLC acquired a new position in shares of U.S. Energy during the fourth quarter worth $73,000. Renaissance Technologies LLC lifted its holdings in U.S. Energy by 24.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares during the last quarter. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions.